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_______is the primary motive for a business enterprise.
- a)Profit
- b)Maximize customers
- c)Human objective
- d)Maximize suppliers
Correct answer is option 'A'. Can you explain this answer?
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_______is the primary motive for a business enterprise.a)Profitb)Maxim...
Primary Motive of a Business Enterprise
The primary motive of a business enterprise is to earn a profit. Profit is the excess of revenue over expenses. It is the reward for the risk taken by the entrepreneur in investing time, money, and effort in the business. Profit is the lifeblood of the business and is essential for its survival and growth.
Importance of Profit
Profit is important for the following reasons:
1. Survival: Profit is necessary for the survival of the business. It provides the funds for the business to meet its expenses, pay its creditors, and invest in new projects.
2. Growth: Profit is essential for the growth of the business. It provides the funds for the business to expand its operations, enter new markets, and develop new products.
3. Return on Investment: Profit is the return on the investment made by the entrepreneur. It is the reward for the risk taken in starting and running the business.
4. Employment: Profit is necessary for the business to create employment opportunities for the people. It provides the funds for the business to hire new employees and pay their salaries.
5. Investment: Profit is the source of funds for the business to invest in research and development, new technology, and other areas that will help the business to stay competitive.
Conclusion
In conclusion, profit is the primary motive for a business enterprise. It is the reward for the risk taken by the entrepreneur in starting and running the business. Profit is essential for the survival and growth of the business and provides the funds for the business to meet its expenses, invest in new projects, and create employment opportunities.
The primary motive of a business enterprise is to earn a profit. Profit is the excess of revenue over expenses. It is the reward for the risk taken by the entrepreneur in investing time, money, and effort in the business. Profit is the lifeblood of the business and is essential for its survival and growth.
Importance of Profit
Profit is important for the following reasons:
1. Survival: Profit is necessary for the survival of the business. It provides the funds for the business to meet its expenses, pay its creditors, and invest in new projects.
2. Growth: Profit is essential for the growth of the business. It provides the funds for the business to expand its operations, enter new markets, and develop new products.
3. Return on Investment: Profit is the return on the investment made by the entrepreneur. It is the reward for the risk taken in starting and running the business.
4. Employment: Profit is necessary for the business to create employment opportunities for the people. It provides the funds for the business to hire new employees and pay their salaries.
5. Investment: Profit is the source of funds for the business to invest in research and development, new technology, and other areas that will help the business to stay competitive.
Conclusion
In conclusion, profit is the primary motive for a business enterprise. It is the reward for the risk taken by the entrepreneur in starting and running the business. Profit is essential for the survival and growth of the business and provides the funds for the business to meet its expenses, invest in new projects, and create employment opportunities.
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_______is the primary motive for a business enterprise.a)Profitb)Maxim...
Yes the answer is profit first of all the business man increase the profit then the business man survive in market then he expand the business
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_______is the primary motive for a business enterprise.a)Profitb)Maximize customersc)Human objectived)Maximize suppliersCorrect answer is option 'A'. Can you explain this answer?
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